Goldman Sachs analyst Christopher Merwin resumed coverage of Avalara with a Buy rating and $50 price target. The company provides mostly mid-market companies software solutions to pay their taxes more accurately and cost-effectively, Merwin tells investors in a research note. He sizes this global market opportunity at $10B, which leaves Avalara a "long runway for growth."

02/13/19

JPMS

02/13/19NO CHANGETarget $64JPMSOverweight

Avalara price target raised to $64 from $38 at JPMorgan

JPMorgan analyst Sterling Auty raised his price target for Avalara (AVLR) to $64 from $38 following the company's Q4 results. The December quarter is a "significant catalyst" for both the company and the stock as the positive impacts of the Supreme Court Wayfair (W) ruling has started to show "material benefits" to the business that will last for several years, Auty tells investors in a post-earnings research note. He keeps an Overweight rating on Avalara shares

02/13/19

KEYB

02/13/19NO CHANGETarget $54KEYBOverweight

Avalara price target raised to $54 from $48 at KeyBanc

KeyBanc analyst Brent Bracelin raised his price target for Avalara to $54 from $48 on improving demand fundamentals. The analyst notes that the company closed out 2018 on a high note with growth accelerating to 33% year over year, a two-year high. The analyst reiterates an Overweight rating on the stock and says it remains one of the top cloud software ideas to own for 2019 based on a multi-year growth opportunity within sales tax compliance.